How can a reverse mortgage help you?

Hello and welcome to Heartland Seniors Finance

Heartland Seniors Finance is Australia’s leading Reverse Mortgage provider. Established in 2004, Heartland Seniors Finance has assisted thousands of people aged 60 and over release equity from their home, helping them to live a better retirement, with independence and dignity.

Heartland is proud to be Canstar’s 2017 & 2018 Reverse Mortgage Provider of the Year, and to have won the Money Magazine Best Reverse Mortgage for three consecutive years.

A market leading product and personal service makes Heartland Seniors Finance the Reverse Mortgage lender of choice for many Australian seniors.

Can we help you to live a better retirement?

Heartland wants to make it easy for you to arrange a Reverse Mortgage to live the retirement you deserve. Click the button and answer a few questions to see if you are eligible and start your loan application.

What to look for in a Reverse Mortgage Lender?

One of the most important decisions you’ll make about a Reverse Mortgage loan is which lender to choose. This decision may have a long- term impact on you and your family, so it’s crucial you get this right.

9 things to look for in your Reverse Mortgage provider:

Multiple draw down options

Ideally your Reverse Mortgage provider will offer different draw down options to cater for every need; a lump sum up front, regular ongoing advances (monthly, quarterly or annually), and a ‘cash reserve’facility for future access to funds.

Ability to repay, with no penalty

Your circumstances can change at any time. So it’s important your Reverse Mortgage lender does not require regular payments but still allows you to make repayments if you wish. Reverse Mortgage debt is usually repaid from the future sale of your property so ensure your lender allows this without any penalty.

Aged care option

Some Reverse Mortgage lenders will not provide funding where the borrower no longer resides in the home. This can be a real problem for those already in a nursing home, or people who may need aged care in future. Check that your lender offers an aged care option.

Flexible criteria

Search for a Reverse Mortgage provider with flexible criteria when it comes to minimum age, Loan to Value Ratio as well as minimum and maximum loan amounts. This can be important as some Reverse Mortgage lenders have caps on how much home equity can be released for cash.

Customer protection

You should be comfortable with your decision to borrow via a Reverse Mortgage loan. Find a Reverse Mortgage lender who offers lifetime occupancy so you continue to enjoy any increase in property value. The presence of a ‘No Negative Equity Guarantee’ and the requirement for independent legal advice indicate that the provider is a genuine Reverse Mortgage lender.

Equity protection option

Look for Reverse Mortgage lenders who offer an Equity Protection Option. This feature allows you to ‘quarantine’ a percentage of the eventual sale proceeds of your home (you or your estate are then guaranteed to receive a minimum of the sale proceeds upon repayment and discharge, regardless of the future property value or loan balance).

Competitive pricing

Some Reverse Mortgage rates in Australia differ between providers, so it may be prudent to seek a lender with a competitive interest rate. As far as possible, try to compare prices from different providers by looking at their fee schedule.

Secondary property

The better Reverse Mortgage lenders provide an option for you to use a secondary property as security, such as a holiday home or investment property. If you own more than one property this can be useful feature.

Excellent service

Most Reverse Mortgage providers in Australia are not specialist lenders. If you are an older borrower who values quality customer service, you might consider a specialist lender who understands the particular needs of people over sixty. Better still, look for a lender who demonstrates a passion for changing the lives Australian seniors.

What our customers say

"I will never forget your kindness. A celebration of you and the miracles you people perform every day..."

"All seniors would find your information most valuable. There's so much information out there, most people think who do we trust? We trust you"

April, 2018

Quote from a real Heartland Borrower

"I am very impressed by having this Heartland Seniors Finance help. It has been life-changing for me and I appreciate your communication and the compassionate awareness of seniors' needs. Thank you so much for it all"

January, 2018

Quote from a real Heartland Borrower

"My Heartland loan enabled me to travel, help family members and purchase a new car. I will be recommending your services to my friends."

September, 2017

Quote from a real Heartland Borrower

"It is a great relief to have the financial pressures eased so we can make considered plans for the future."

June, 2016

Quote from a real Heartland borrower

"I have on two occasions sought out Heartland Seniors Finance for a reverse mortgage loan and I have found each time their years of experience has made the process stress free."

July, 2017

Quote from a real Heartland Borrower

"I am very grateful you took on our loan issue. I would have been totally lost without you. No one was getting back to me at all, regardless of any paperwork sent in, except you. I can't express how amazing you have been. You made a difference."

October, 2017

Quote from a real Heartland Borrower

"Doing the reverse mortgage paid for my wife's cancer treatment"

January, 2018

Quote from a real Heartland Borrower

"It is the best thing ever, not having to pay the mortgage every month"

January, 2018

Quote from a real Heartland Borrower

"Heartland Reverse Mortgage provided us extra income to supplement the pension, allowing for a good lifestyle"

January, 2018

Quote from a real Heartland Borrower

"I love the fact that I know I can stay in my home for the rest of my life. Many thanks!"

January, 2018

Quote from a real Heartland Borrower

"I took a reverse mortgage out 10 years ago. it was the best thing to do as it has enabled me to stay on living by the beach where I love to be! I would do it again!!"

January, 2018

Quote from a real Heartland Borrower

"It is so wonderful not to be paying a mortgage now - I have enough money to have a life! Only income was the age pension"

February, 2018

Quote from a real Heartland Borrower

"This loan has enabled us to remain in our home and continue to be useful members of a small community.The medical services provided here are excellent and we're both in need of them"

January, 2018

Quote from a real Heartland Borrower

"As a retied solicitor, I was most impressed with the professionalism of the process"

February, 2018

Quote from a real Heartland Borrower

"I personally think that is had made life much better for me because I live by myself and I am disabled. I was concerned that I was going to totally run out of money but now I won't. This is wonderful."

February, 2018

Quote from a real Heartland Borrower

"With the new car and house improvements in our stage of life made things more enjoyable."

February, 2018

Quote from a real Heartland Borrower

"I took a reverse mortgage out 10 years ago. It was the best thing to do do as it has enabled me to stay on living by the beach where I love to be! I would do it again!!"

January, 2018

Quote from a real Heartland Borrower

"Home at last.. Will never forget your kindness, Lisa. A celebration of you and the miracles you perform every day.."

Latest News

At Heartland Seniors Finance we are proud to provide seniors with the financial freedom to enjoy a better retirement.

1300 889 338

IMPORTANT NOTICE: This information has been prepared without taking account of the needs, objectives, or financial situation of any particular individual. Applicants should consider their own circumstances and, if necessary, seek professional advice. Applications are subject to loan approval criteria. Terms, conditions, fees and charges apply. Credit provided by ASF Custodians Pty Ltd.
Please note the information set out in this website may change from time to time.